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California bad credit loans: 5 Easy loans from direct lenders

California bad credit loans offer borrowers access to a fixed amount of money that can be paid off over several years. They are a great resource for people with bad credit looking to avoid short-term payday loans.

Installment loans are the best way to borrow when you have bad credit. They are typically cheaper than a payday loan plus, with on-time monthly payments, you have a chance to build a positive credit history.

How to get California bad credit loans?

Online lenders have made it quite easy to get approved for California bad credit loans. Instead of traveling from bank to bank you can research lenders, check your eligibility and get funded as soon as the next business day in most cases.

Fortunately, most online lenders will tell you if you’re eligible prior to performing a hard-pull on your credit report. And, there are several online direct lenders to choose from.

5 easy loans from direct online lenders

1. – No Minimum Credit Score

second-chance-loan connects you with a lender in its network of partners. can give you a second chance loan because they aren’t limited to helping only consumers with perfect credit. They have the resources to lend you a helping hand no matter if your credit is good or bad. Once you complete a short online application, you can get a personal loan offer in minutes from a network of lenders. Your approved loan can be deposited electronically into your checking account in as fast as one business day. Details:

  • Loan amounts up to $5,000.
  • With easy eligibility requirements, you may be able to borrow money for a variety of purposes.
  • There is no minimum monthly income required and no minimum credit score requirements.
  • Repayment terms up to 72 months.
  • A personal loan from a lender or financial service provider in our network often ranges between 5.99% and 35.99%, although APRs vary according to the information that is supplied by you in your loan request.

2. OppLoans – 350 or higher credit score

OppLoans is a direct lender for California bad credit loans. Loan amounts range from $1,000 to $5,000. OppLoans considers all credit scores so even if your credit is less than perfect, you may qualify.

An easy online application can be completed in minutes with no impact to your FICO scores. Approval can be completed in minutes with loan funds deposited in your account by the next business day. For instance, if your loan is approved before 7pm on Monday through Thursday, you can expect your funds the next business day. If your loan is approved before 7pm on Friday, you can expect your funds on Monday.

OppLoans Details

  • Loan amounts up to $4,000.
  • Choose repayment terms from 9 to 36 months.
  • Loan reports to all three credit bureaus to help improve your credit score!
  • Fast turnaround time, loans approved by 7pm are deposited the next business day.
  • You must be employed, have a checking account and get direct deposit
  • While OppLoans don’t have the lowest interest rates as a good credit loan, they do provide funds at rates well below other bad credit lenders.

3. Stilt Personal Loans – No Minimum Credit Score

Stilt personal loans are designed for people who have bad credit due to a one-time event, like a divorce or unpaid medical bill along with recent immigrants and nonresidents. Approval is based on your savings, spending and financial habits — not your credit history.

Stilt Personal Loan Details

  • Loan amounts from $1,000 – $25,000.
  • Choose repayment terms up to 36 months.
  • APR ranges from 7.99% to 15.99%.
  • Funding within 2 to 3 business days.
  • Only available in AZ, IL, FL, TX, PA, CA, MI, WA, UT, OH, GA, NY, NJ, MA, VA.

4. Lendingpoint – 600 or higher credit score

Lendingpoint laons range from $2,000 to $36,500 with flexible financing options and rates ranging from 9.99% to 35.99% APR, with terms from 24 to 60 months.

Loans can be used for whatever legal personal expense or purchase you choose. To determine how much you qualify for, Lendingpoint will conduct a “soft pull” of your credit report which does not affect your credit score.

Lendingpoint Loan Details

  • Rates range from 9.99% – 35.99% APR, depending on credit score.
  • Loan terms from 24 months to 60 months.
  • Have a credit score of at least 600.
  • Receive loan funds as soon as the next business day after approval.
  • Prequalify with a soft pull that won’t harm credit.
  • Prepay your loan with no penalties and change your payment due date.
  • The lender charges an origination fee of up to 6%, which can be deducted from the loan disbursement or financed.
  • Applicants must earn a minimum annual income of $35,000 ad have a verifiable personal bank account in your name.

5. Check Into Cash – No Minimum Credit Score

Check Into Cash offers installment loans up to $3,000. Get the money you need for unforeseen expenses with an online installment loan. Enjoy the freedom of repaying your loan over time. A California bad credit installment loan offers more money than other types of short-term loans. You can also pay it back over a longer period of time.

Check Into Cash Details

  • A simple online loan application process.
  • Loan amounts range from $100 up to $3000.
  • Quick loan approval.
  • Repay bi-weekly or monthly over a term of a few weeks to a few months.
  • There’s no penalty for repaying your loan early.

Benefits of borrowing online

Online lenders for California bad credit loans can tell you instantly if you’re approved, how much you can borrow, and what your payments will look like – all with no impact to your FICO credit score.

Banks and credit unions cannot compete when it comes to the immediate approval of California bad credit loans. Typically, a bank loan officer will need to review the application, you’ll have to submit documentation, then wait for an answer for several days.

Requirements for California bad credit loans

Like most loans there is standard information and documentation necessary to apply for a California bad credit loan. You will need the following:

  • Must be 18+ years old.
  • Must be a legal resident of the US.
  • Personal information such as your Social Security Number and address.
  • Monthly income from a job, self-employment or benefits like SSI, disability or retirement.
  • Financial information (such as information about your expenses like monthly rent or mortgage payment).
  • Have an active checking account. (If you currently don’t have a checking account due to ChexSystems, banks that don’t use ChexSystems will open a new account for you.

Shop Online for a Loan without hurting your score

To get started, just pick a lender and apply. The process should take about 10-15 minutes. For ideas on lenders, read on, but keep in mind bad credit loans will have high interest rates. The best way to avoid high interest rates is to repay the loan early and use the loan as an opportunity to improve credit scores. Most California bad credit loans allow you to repay the loan early without a pre-payment fee.


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